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September 2, 2022

Package of 6 Smithland Supply stores fetch $10.5M

Contributed Smithland Supply in Manchester.
Contributed Smithland Supply in Southington.
By Andrew Larson

A Southport-based investment trust, Trio Fund I CT Portfolio, has purchased a package of six former Agway stores for $10.5 million.

The pet and garden retail stores, which operate under the name Smithland Supply, are in Manchester, Southington, Bethel, North Haven, Middlefield and North Branford.

The previous owners decided to sell the business over the last two years. The sellers — Retail Property One LLC, Retail Property Two LLC, Retail Property Three LLC and Retail Property Four LLC — are controlled by John and Terry Bergantino of Guilford.

The sale was announced by New England Retail Properties Inc. in Wethersfield, which brokered the transaction. Matt Halprin, president and COO of the company, represented the sellers.

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